{"id":2508,"date":"2024-06-13T23:52:05","date_gmt":"2024-06-13T23:52:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2508"},"modified":"2024-06-13T23:52:05","modified_gmt":"2024-06-13T23:52:05","slug":"digital-services-tax-of-canada","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/digital-services-tax-of-canada\/","title":{"rendered":"Digital services tax of Canada"},"content":{"rendered":"

Under the new rules of the Canadian government, a 3% digital Services<\/a> tax will be imposed on the companies with total annual revenue of at least850millionandprofitsof16 million or more from providing digital services in Canada.<\/p>\n

It is to tax large multinational corporations (MNCs) such as Facebook, Apple, and Google which do business in Canada but pay most taxes in USA or tax-havens.<\/p>\n

USTR has argued that this tax goes against the spirit and the text of the Base Erosion and Profit Shifting (BEPS) agreement, where it was agreed that the signatories would not impose new unilateral taxes that work against the spirit of the BEPS agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under the new rules of the Canadian government, a 3% digital Services tax will be imposed on the companies with total annual revenue of at least850millionandprofitsof16 million or more from providing digital services in Canada. It is to tax large multinational corporations (MNCs) such as Facebook, Apple, and Google which do business in Canada but … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[652],"class_list":["post-2508","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-04-03-22"],"yoast_head":"\nDigital services tax of Canada - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/digital-services-tax-of-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital services tax of Canada\" \/>\n<meta property=\"og:description\" content=\"Under the new rules of the Canadian government, a 3% digital Services tax will be imposed on the companies with total annual revenue of at least850millionandprofitsof16 million or more from providing digital services in Canada. It is to tax large multinational corporations (MNCs) such as Facebook, Apple, and Google which do business in Canada but ... 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It is to tax large multinational corporations (MNCs) such as Facebook, Apple, and Google which do business in Canada but ... 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